BEIJING – The China Investment Corporation (CIC), China's sovereign wealth fund, has had a new injection of investment worth $30 billion from the Chinese government, the company's vice-president Wang Jianxi told China Daily on Sunday.

"By the end of last December, the company had won a new round of investment injections worth $30 billion from the State Administration of Foreign Exchange, as the previous round has been basically used for investment projects," said Wang, also the chief risk officer at CIC.

He made this statement on the sidelines of the annual meeting of the Chinese People's Political Consultative Conference (CPPCC) National Committee, which opened on Saturday.

Wang said, "while the financial goods are undervalued and there are limited financial risks amid the European debt crisis, the CIC in the short term will deviate from investing in the debt-stricken region in an active way."

"In the long-term, or say, in the next five to 10 years, the CIC will target mainly emerging markets," he said.

"We are committed to making long-term and non-speculative investments."

As for the issue of the Chinese government's aid to the European nations, Wang said, China expects to give a helping hand to the region. Despite this, the region should not rely too much on the aid and try to resolve its own problems independently.